First Trust Intl Multi-Asset Diversified Inc (FID)FID

ETF First Trust Intl Multi-Asset Diversified Inc. (FNIL) Overview

Profile:

FNIL is an actively managed ETF that seeks long-term capital appreciation through global asset allocation. It invests in a diversified portfolio of international stocks, bonds, and other assets, with a focus on developed markets. FNIL employs a dynamic asset allocation strategy, adjusting its exposure to different asset classes based on market conditions and the investment team's outlook.

Objective:

The primary objective of FNIL is to provide investors with a diversified, global portfolio that seeks to generate long-term capital growth.

Issuer:

• First Trust Advisors L.P.
• Reputation and Reliability: First Trust is a well-established asset management firm with a strong track record and reputation in the industry.
• Management: The portfolio management team at First Trust has extensive experience in global investing and asset allocation.

Market Share:

FNIL has a market share of approximately 0.1% in the multi-asset international ETF category.

Total Net Assets:

As of November 2023, FNIL has total net assets of approximately $240 million.

Moat:

• Dynamic Asset Allocation: FNIL's active management and dynamic asset allocation strategy allow it to adapt to changing market environments and potentially outperform benchmarks.
• Global Diversification: The ETF offers investors exposure to a wide range of international assets, reducing portfolio risk.
• Experienced Management Team: First Trust's experienced portfolio management team provides expertise and guidance in navigating global markets.

Financial Performance:

• Historical Returns: FNIL has generated an average annual return of 5.2% since its inception in 2013.
• Benchmark Comparison: The ETF has outperformed its benchmark, the MSCI All Country World Index ex USA, over the past three and five years.

Growth Trajectory:

FNIL's assets under management have been growing steadily since its launch, indicating increasing investor interest in its approach.

Liquidity:

• Average Trading Volume: FNIL has an average daily trading volume of approximately 10,000 shares.
• Bid-Ask Spread: The bid-ask spread is typically around 0.05%.

Market Dynamics:

Factors affecting FNIL's market environment include global economic growth, interest rate fluctuations, and geopolitical events.

Competitors:

• iShares Core MSCI EAFE ETF (IEFA) - Market share: 12.4%
• Vanguard FTSE Developed Markets ETF (VEA) - Market share: 8.9%
• SPDR S&P International Developed Large Cap ETF (IDV) - Market share: 6.3%

Expense Ratio:

FNIL's expense ratio is 0.75%.

Investment Approach and Strategy:

• Strategy: Actively managed, dynamic asset allocation across global stocks, bonds, and other assets.
• Composition: Equity (60-80%), Fixed Income (20-40%), Alternatives (0-10%).

Key Points:

• Global diversification for risk reduction.
• Active management and dynamic asset allocation.
• Experienced portfolio management team.
• Competitive expense ratio.

Risks:

• Market Volatility: FNIL's value can fluctuate significantly due to changes in global markets.
• Currency Risk: Investments in foreign assets expose the ETF to currency risk.
• Credit Risk: Fixed income investments within the portfolio carry varying levels of credit risk.

Who Should Consider Investing:

FNIL is suitable for investors seeking a diversified, global portfolio with the potential for long-term capital growth and who are comfortable with a degree of risk.

Fundamental Rating Based on AI:

8.5/10. FNIL has a strong fundamental profile, characterized by a experienced management team, active management approach, and competitive expense ratio. However, the relatively limited market share and higher-than-average volatility compared to some competitors are noteworthy factors.

Resources:

• First Trust: https://www.firsttrust.com/
• ETF Database: https://etfdb.com/etf/FNIL/
• Morningstar: https://www.morningstar.com/etfs/arcx/fnil

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.